U.S. Federal Reserve Chair Jerome Powell on Tuesday reiterated the U.S. central bank plans to "wait and learn more" about the impact of tariffs on inflation before lowering interest rates, again ...

Powell described the overall economy and labor market as solid. He said inflation had eased significantly from highs reached in mid-2022, but was somewhat elevated above the Fed’s 2% objective.

The Fed Powell leaves door ajar to July rate cut, but an expected rise inflation is likely to keep the Fed sidelined Two top officials, both appointed by Trump, are the first to suggest an ...

Federal Reserve Chair Jerome Powell on June 25 said the U.S. central bank is still struggling to determine the impact of tariffs on consumer prices.

Federal Reserve Chair Jerome Powell reiterated his view that steady economic activity would allow the central bank to wait and see the effects of tariff hikes before resuming interest-rate cuts.

Powell repeated Tuesday that the Fed plans to assess the effects of President Donald Trump’s tariffs on inflation before lowering rates, brushing off mounting pressure from both Trump, his own ...

WASHINGTON (TNND) — Federal Reserve chair Jerome Powell defended the central bank’s cautious approach to cutting interest rates in testimony to lawmakers on Tuesday as he faces pressure from ...

Jerome Powell, the Federal Reserve chair, is set to testify before Congress on Tuesday and Wednesday, and the Fed’s preferred inflation gauge is due later in the week. Nike and FedEx are among ...

Powell said Tuesday he expects to see the tariffs have meaningful effects on inflation over the summer months. “There aren’t historical experiences we can consult here, really.

Federal Reserve Chair Jerome Powell had plenty of opportunities Tuesday to tell lawmakers definitively the central bank will cut interest rates soon. He didn’t take any of them.